In the latest industry analysis, Wells Fargo has increased its price target for Palo Alto Networks (PANW) from $225 to $235 while maintaining an Overweight rating. The company's latest performance report showcased impressive results, particularly noted in net new annual recurring revenue (ARR). Palo Alto's product and subscription revenue growth outpaced that of Check Point (CHKP, Financial) and another competitor, signaling robust financial health. Furthermore, Palo Alto's free cash flow margin continues to remain strong, underscoring its financial resilience in the current market landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Check Point Software Technologies Ltd (CHKP, Financial) is $235.69 with a high estimate of $285.00 and a low estimate of $164.14. The average target implies an upside of 6.69% from the current price of $220.92. More detailed estimate data can be found on the Check Point Software Technologies Ltd (CHKP) Forecast page.
Based on the consensus recommendation from 40 brokerage firms, Check Point Software Technologies Ltd's (CHKP, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Check Point Software Technologies Ltd (CHKP, Financial) in one year is $186.06, suggesting a downside of 15.78% from the current price of $220.92. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Check Point Software Technologies Ltd (CHKP) Summary page.
